(Mon, 11 Sep 2017) Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices. For the week ending September 1, 2017, gross inputs to refineries in the U.S. Gulf Coast fell by 3.2 million b/d, or 34%, from the previous week, the largest drop since Hurricanes Gustav and Ike in 2008.
(Fri, 08 Sep 2017) Hurricane Irma caused significant damage to the northeastern Caribbean and is currently projected to turn towards Florida this weekend. Current model forecasts project that Hurricane Irma will then pass along or just offshore the east coast of Florida, though the actual storm track could change from current advanced projections. To help analysts assess energy-related potential storm effects, EIA maintains an energy disruptions map that displays energy infrastructure and real-time storm information.
Japan may emerge as a forerunner towards a LNG trading hub in the region, facilitated by the Platts JKM™ LNG spot price benchmark.
(Thu, 07 Sep 2017) Over the past decade, retail electricity prices have not closely followed the costs of fuels used to generate electricity, such as coal or natural gas, mainly because of changes in the other costs involved with producing and delivering electricity in the United States.
Speculation has mounted in recent weeks on possible plans by Brazilian mining company Vale’s new CEO Fabio Schvartsman to diversify and make new acquisitions. What are the implications of these potential new strategic partnerships?
(Wed, 06 Sep 2017) U.S. retail gasoline prices on Monday, September 4, averaged $2.68 per gallon (gal), 28 cents/gal higher than prices a week ago
(Tue, 05 Sep 2017) Oman set a new record with annual total oil production in 2016 exceeding 1 million barrels per day (b/d). Omanâs petroleum and other liquids production ranks seventh among the Middle Eastern countries. Oman is the largest oil producer in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries (OPEC).
Lithuania imported its first ever cargo of US LNG on August 21, the event celebrated by way of a special welcoming ceremony attended by key government figures. Stuart Elliott explains.
The LNG sector has not been without its drama in 2017, with Hurricane Harvey, the Qatari diplomatic crisis and Australia’s decision to regulate LNG exports keeping the market on its toes despite significant export capacity expansions.
(Fri, 01 Sep 2017) Hurricane Harvey, which first made landfall on August 25, 2017, has created considerable uncertainty for gasoline supply and prices, as the area affected by the hurricane is home to much of the nation's petroleum infrastructure. On August 28, the U.S. average retail gasoline price was $2.40 per gallon (gal), the second-lowest price on the Monday before Labor Day since 2004.
